| 2.18 | Financial Guarantee Contracts |
Financial guarantees contracts provided by the Group are initially measured at fair value on the date the guarantee was given. Subsequent to initial recognition, the Group’s liabilities under such guarantees are measured at the higher of the amounts below and recognized as ‘other financial liabilities’:
| • | the amount determined in accordance with IAS 37 Provisions, Contingent Liabilities and Contingent Assets; or |
| • | the amount initially recognized less cumulative amortization in accordance with IAS 18 Revenue. |